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Vaselesa [24]
3 years ago
5

Sheffield Company purchased machinery on January 1, 2020, for $93,600. The machinery is estimated to have a salvage value of $9,

360 after a useful life of 8 years. Compute 2020 depreciation expense using the sum-of-the-years'-digits method.
Business
1 answer:
Makovka662 [10]3 years ago
4 0

Answer:

Depreciation for 2020 is $18,720

Explanation:

Sum-of-the-years'-digit method is computed as follows:

FORMULA:

 Number of years of estimated life

<u>remaining at the beginning of the year </u>  x (Cost of an asset - salvage value)

                           SYD

SYD = n(n+1) / 2

where n is the estimated useful life of an asset.

SYD = 8(8+1) / 2

SYD = 8 x 9 / 2

SYD = 36

To compute for the depreciation expense for 2020, the computation is,

No. of years of estimated remaining life of an asset / SYD x (Cost of an asset - salvage value)

8 / 36 x ($93,600 - $9,360)

= 0.22222 x $84,240

= $18,720

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The inability of poor workers to be able to use public transportation to and from their jobs is called :<u> poor worker's temporal mismatch.</u>

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Temporal Mismatch Is occurs when workers who depend on traditional transit lack access to potential job locations. This affects them mostly at off peak times. There is an immense conflict between job start times and the socio-demographic factor. An increase in temporal mismatch is an obstacle for workers who have little access to job opportunities.

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Radda [10]

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3 years ago
Currently, Forever Flowers Inc. has a capital structure consisting of 20% debt and 80% equity. Forever's debt currently has an 7
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Answer:

WACC = 11.6%

Explanation:

<em>The weighted average cost of capital (WACC) is the average cost of all the various sources of long-term finance used by a business weighted according to the proportion which each source of finance bears to the the entire pool of fund. </em>

To calculate the weighted average cost of capital, follow the steps below:  

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The following statements fulfill the criteria.

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